Opinion: Trump's Bitcoin Reserve Plan Could Be a Watershed Moment for the Cryptocurrency Market

2024-12-26 08:04:32

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ChainCatcher news, Trump publicly supports the Bitcoin reserve plan, pushing the U.S. government to accumulate Bitcoin as a strategic asset. The plan has received support from political figures including Porter and Lummis, and has sparked bipartisan interest. Trump's endorsement gives political momentum to this previously marginalized concept, marking a watershed moment in the cryptocurrency market.

California Democratic Congressman and Wyoming Republican Senator propose to include Bitcoin in the U.S. reserve assets, partially relying on America's gold reserves. However, critics argue that this could reinforce the U.S. financial dominance and pose a challenge to the decentralized nature of Bitcoin. Nevertheless, supporters believe this initiative helps address the debt crisis and promotes global financial innovation.

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